Logistics Development Group plc
(“LDG” or the “Company”)
CareTech Update
LDG notes that, further to its announcement of 4 April 2022, Amalfi Bidco Limited (a consortium formed by Sheikh Holdings Group (Investments) Limited), has announced a recommended cash offer (with a partial rollover alternative) for CareTech Holdings PLC (“CareTech”), at a price of 750 pence per CareTech share. LDG currently holds 1,974,130 CareTech shares, representing approximately 1.74% of CareTech’s issued share capital.
In addition, DBAY Advisors Ltd (“DBAY”), the Company’s investment manager, has confirmed that, further to its announcement of 4 April 2022, it is not intending to make an offer for CareTech.
For enquiries:
Logistics Development Group plc Via FTI Consulting
FTI Consulting
Nick Hasell
Alex Le May
Cally Billimore
+44 (0) 20 3727 1340
Strand Hanson Limited
(Financial and Nominated Adviser)
James Spinney
James Dance
Abigail Wennington
+44 (0) 20 7409 3494
Investec Bank plc
(Broker)
Gary Clarence
Harry Hargreaves
+44 (0) 20 7597 5970
